Janney Montgomery Scott LLC Increases Stock Holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Janney Montgomery Scott LLC grew its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 5.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 693,730 shares of the company’s stock after purchasing an additional 33,283 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.25% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $36,435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Exchange Bank bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the first quarter worth approximately $403,000. Farther Finance Advisors LLC raised its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 421.4% in the 1st quarter. Farther Finance Advisors LLC now owns 90,080 shares of the company’s stock worth $4,723,000 after purchasing an additional 72,805 shares during the period. Tilia Fiduciary Partners Inc. lifted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.5% during the first quarter. Tilia Fiduciary Partners Inc. now owns 17,102 shares of the company’s stock valued at $898,000 after purchasing an additional 420 shares in the last quarter. City State Bank grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.4% during the first quarter. City State Bank now owns 84,765 shares of the company’s stock valued at $4,452,000 after purchasing an additional 2,750 shares during the period. Finally, NBC Securities Inc. increased its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 116,100.0% in the first quarter. NBC Securities Inc. now owns 2,324 shares of the company’s stock worth $122,000 after buying an additional 2,322 shares in the last quarter. Institutional investors own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Down 0.1%

NASDAQ IGIB opened at $52.39 on Tuesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52 week low of $50.52 and a 52 week high of $54.10. The stock’s 50-day moving average price is $52.04 and its 200-day moving average price is $51.98.

iShares 5-10 Year Investment Grade Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.2021 per share. This represents a $2.42 annualized dividend and a yield of 4.63%. The ex-dividend date was Monday, June 2nd.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.